Employers often struggle with what seems a simple question: Are workers employees or independent contractors? It’s not uncommon for businesses to misclassify workers only to later realize their mistake. If you’re facing this situation, the IRS’s voluntary classification settlement program (VCSP) may help. The VCSP allows employers to reclassify workers as employees for future employment tax purposes. By agreeing to treat workers as employees (which means withholding and paying income, Social Security, Medicare and unemployment taxes), your business may be eligible for partial relief from federal employment taxes. Contact us to see if this is a wise option for your company. Call or visit our website for more information! www.mjscpa.com/
